D Bank is opening its first new branch in Philadelphia in four years with at least two more in the planning stage, as the bank is pivoting toward organic growth in the wake of the recent termination of its planned $13.4 billion mergerwith First Horizon Corp.

During the bank’s earnings call last week, executives for the Toronto-based parent company TD Bank Group (NYSE: TD) said the Cherry Hill-based U.S. subsidiary would add 150 branches by 2027, including 18 this year alone. Most of those new branches will be in its growing footprint in Florida and the Carolinas. The bank also said it would add locations in more established markets such as Philadelphia.

*Article courtesy of Smart News

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